2018 Bond Program: Project Updates & Technology Progress

1. Bond Oversight Committee 2018 Bond Program January 31, 2019

2. 2018 Bond Team Introductions MEP Manager Project Controls Manager Contract Specialist Logistics Specialist Project Engineer Senior Project Manager Senior Manager Senior Project Manager Project Manager Project Manager Senior Construction Manager DesignManager COO Executive Director Project Manager Senior Project Manager Project Manager Senior Project Manager KAMILA ANDRZEJAK ZANDRA BECERRA MINH NGO RAUL RAMOS ASHLEY DIXON TODD CASON BRYAN RAY TBD GAURAV AGARWAL JESSICA MELCHOR TREVOR BRUCE KEVIN HITCHCOCK KELLY KELLY ALEX SEM OSCAR PEREZ CAROLINA FUZETTI TBD BENICE EDWARDS Safety Coordinator GARY RAINS PM Team – Increase/Decrease work force as needed Project Scheduler Controls Analyst Controls Analyst Elmira daneshpour Michael OJO Akila Raman

3. Packaging Strategy • Product Line Distribution (52 Packages) • New Construction • Renovation • Capital Improvement • HVAC • Roofing • Site work • Athletics • Fine Arts • Exterior envelope • Playgrounds • Restrooms • Others

4. Architect/Engineer (A/E) Selection • RFQ issued for A/E services • 31 Responded • 21 Highest ranked- interviewed • 19 A/E firms selected and awarded work • 11 out of 52 contracts have been executed • Each firm was chosen for projects that matched their firm’s experience and scope of work to be performed

5. Job Order Contracting (JOC) Packages • PKG018 Ramps and Canopies • PKG020 Entrance and Partitions • PKG024 Water Heaters/Boilers • PKG030 Fire Sprinklers • PKG033 Playgrounds/Landscaping • PKG036 Fire Alarms • PKG038 PA/Sound and Clocks • PKG039 Building Security • PKG040 Water Softener • PKG047 Door Locks & Window Film • PKG051 Fencing

6. 2014 Bond Reporting Format

7. 2018 Bond Reporting Format -Dashboard

8. 2018 Bond Dashboard – Project Schedule

9. PKG 001 - YOUSAFZAI - ES 51 New Elementary School in the Aliana Community 1000 students (LEED) Certified Level Schematic Design-12/18/2017 Structural steel erection is in progress Substantial completion date is 12/2019.

10. Next Steps Contracts: • Complete the execution of contracts for all Design firms The AIA contracts have been updated to a 2017 version, we are now: • Reviewing contracts for Competitive Sealed Proposal (CSP) construction projects • Review professional services contracts • Execute all professional services contracts • Execute the Job Order Contracts

11. Communications Plan Update • Bond update included in January 2019 news magazine, next scheduled for April/May Planned: • Promotion of online dashboard on FBISD website • Future magazines, news releases and social media videos

12. Information Technology2018 Bond Schedule

13. Information Technology2018 Bond Schedule

14. Grades: PK-1 • Elementary Classroom • Grades PK-1: Twelve (12) tablets • Grades 2 – 5: Twelve (12) laptops that are ruggedized (industry term, indicating built for durability) and designed for the education market. • Smart Projector: One (1) projector • Elementary Campus: • Library Checkout: Two (2) to four (4) tablet carts with 30 Tablets • Centralized Computer Lab: Two centralized computer labs per campus with Wi-Fi enabled laptops. These labs are critical for 1:1 class skills development and online testing. • Library Lending Program: 20-40 computing devices with mobile Internet hotspots per 1,000 students. Classroom Toolkit Grades 2 - 5

15. Secondary Classroom Grades 6 - 8: Fifteen (15) laptops per classroom. Grades 9 - 12: Fifteen (15) laptops per classroom Smart Projector: One (1) projector Secondary Campus Library Checkout Devices: Two (2) to Six (6) device carts with 30 Centralized Computer Lab: Two (2) centralized computer labs with Wi-Fi enabled computers for every 1,000 students. . These labs are critical for 1:1 class skills development and online testing. Library Lending Program: A library Lending Program consisting of 20-40 computing devices with mobile Internet hotspots per 1,000 students. Classroom Toolkit Secondary Grades

16. Deployment Timeline Classroom Toolkit Deployment IMA Deployment 10/14/2018 - 1/31/2019 Student Device Deployment 3/1/2019 - 8/14/2020 4/1/2019 - 6/30/2021 Projector Upgrade/Refresh 40 days Other Campus Work 122 days 110 days Equipment Inventory 1/7/2019 - 2/15/2019 533 days Support Staff Refresh 3/1/2019 – 9/30/2019 822 days Badge Equipment Deployment 4/2/2019 - 8/9/2019 130 days Broadcast System Equipment Deployment 4/2/2019 - 8/9/2019 130 days 2018 2021 Oct 2019 Apr Jul Oct 2020 Apr Jul Oct 2021 Apr Today

17. Technology Progress • Already in Progress • IT HVAC Project • Phase 1 (17 campus) • Construction work is 85% completed. Access control is installed in about 30% of the campuses. • Phase 2 (A&E) • Currently reviewing the 50% CDs • Technology assessment/inventory started January 2019 • Majority of project in initial phases (Planning, bids, etc.) • Bid specifications • Board approval • Fund allocation

18. Badging Equipment Mass Check-In Station Badge Print Station Ad-hoc Check-In USB Device

19. Transportation Complete bus replacement with air conditioned buses Clean Air Campaign Replacement of older diesel buses with gasoline buses Technology upgrades on buses Video camera upgrades on buses Seatbelts on buses

20. DEBT SERVICE UPDATE

21. SUMMARY OF OUTSTANDING DEBT AS OF 12/31/2018

22. SUMMARY OF OUTSTANDING DEBT PRINCIPAL & INTEREST

23. SUMMARY OF OUTSTANDING DEBT CALLABLE BONDS • The following table shows the District’s callable bonds as of December 31, 2018: • The District’s Unlimited Tax Refunding Bonds, Series 2009 and the Unlimited Tax School Building Bonds, Series 2009 are callable on August 15, 2019

24. TAX EXEMPT COMMERCIAL PAPER • The District established a Commercial Paper Program on November 3, 2016 • On January 22, 2019, the Board of Trustees approved expanding the commercial paper program from $100 million to $150 million effective February 20, 2019. The Board also approved adding the 2018 Bond to the commercial paper program • Currently, the District has $70 million outstanding in commercial paper; which when at full capacity and combined with the District’s outstanding variable rate bonds, represents approximately 24.11% of total debt outstanding • The District’s currently outstanding commercial paper notes are at rates ranging from 1.36% to 1.82% • As of 12/31/2018, the District has saved approximately $7.78 million in interest expense • The District anticipates additional issuances of commercial paper notes in the next twelve months; therefore, the District will need to issue refunding bonds in order to restore the commercial paper program’s capacity in 2019

25. UPCOMING TRANSACTIONS • Series 2009 Refunding Bonds & CP Refunding Bonds • Callable total for Series 2009 is $150.25 million • Include commercial paper refunding (max $150 million) • Pricing in April 2019 and closing in May 2019 • Total of over $250 million will attract more investors • Series 2015A and Series 2015B Bonds • Combine bonds for a total of $70.8 million • Remarketing in July 2019 • District will continue to monitor market conditions for future refundings

26. WEIGHTED AVERAGE ANALYSIS Bond 2014 Weighted Average Analysis Debt: Weighted Average Maturity 14.43 years Assets: Weighted Average Useful Life 21.34 years Per the Board Resolution adopted on 8/25/2014, the weighted average of maturity of the debt issued will not exceed the weighted average economic life of the assets by more than 120%.